Workday, Inc. (NASDAQ:WDAY) Shares Sold by Golden State Equity Partners

Golden State Equity Partners lowered its holdings in Workday, Inc. (NASDAQ:WDAY) by 30.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,057 shares of the software maker’s stock after selling 460 shares during the quarter. Golden State Equity Partners’ holdings in Workday were worth $292,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Beacon Capital Management LLC lifted its holdings in Workday by 333.3% in the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after acquiring an additional 70 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Workday by 1,750.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock valued at $31,000 after acquiring an additional 105 shares during the period. CVA Family Office LLC acquired a new stake in Workday in the fourth quarter valued at $33,000. VisionPoint Advisory Group LLC lifted its holdings in Workday by 215.4% in the third quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after acquiring an additional 84 shares during the period. Finally, Clear Street Markets LLC acquired a new stake in Workday in the third quarter valued at $29,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. TheStreet raised Workday from a “c” rating to a “b-” rating in a report on Monday, February 26th. KeyCorp raised their price target on Workday from $310.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. JMP Securities restated a “market outperform” rating and issued a $315.00 price target on shares of Workday in a research report on Tuesday, February 27th. Morgan Stanley dropped their price target on Workday from $335.00 to $330.00 and set an “overweight” rating for the company in a research report on Tuesday, February 27th. Finally, Stifel Nicolaus raised their price target on Workday from $250.00 to $290.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and a consensus target price of $293.61.

Insider Buying and Selling at Workday

In other news, insider Richard Harry Sauer sold 8,447 shares of Workday stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $268.21, for a total value of $2,265,569.87. Following the transaction, the insider now directly owns 66,356 shares of the company’s stock, valued at approximately $17,797,342.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Workday news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the transaction, the insider now directly owns 843,000 shares of the company’s stock, valued at $223,302,270. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Richard Harry Sauer sold 8,447 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $268.21, for a total value of $2,265,569.87. Following the transaction, the insider now owns 66,356 shares in the company, valued at approximately $17,797,342.76. The disclosure for this sale can be found here. Insiders sold 435,691 shares of company stock worth $117,731,569 in the last 90 days. 21.09% of the stock is owned by company insiders.

Workday Stock Down 1.2 %

WDAY opened at $251.04 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market capitalization of $66.27 billion, a price-to-earnings ratio of 48.75, a price-to-earnings-growth ratio of 6.27 and a beta of 1.32. The business has a 50-day moving average of $273.49 and a two-hundred day moving average of $264.07. Workday, Inc. has a 12 month low of $174.25 and a 12 month high of $311.28.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Workday had a return on equity of 4.87% and a net margin of 19.02%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.14) EPS. On average, research analysts expect that Workday, Inc. will post 1.76 earnings per share for the current year.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.